13:45 23 March 2013
Tax laws can be complex and confusing, and the average person doesn’t really have a desire to be known as a “tax expert”. But when it comes to filing your yearly personaltax returns it’s in your interest to know and understand the changes that have taken place, and how they will affect your 2012 tax return.
People are always searching for “loopholes” to try to get out of paying more taxes. But be careful because these loopholes can raise red flags that may cause you to get audited.
Nobody wants to get audited. It is not a fun process to say the least. So here are things that raise red flags and may cause you to get audited:
If you hire someone to do your 2012 personal tax returns, do your best to ensure that it’s a professional who knows and understands tax laws and who will work to get you the best return possible, while keeping you within the boundaries of the laws and tax codes.
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